TIDMBRK

RNS Number : 6202Q

Brooks Macdonald Group PLC

28 October 2021

BROOKS MACDONALD GROUP PLC

(the "Company")

Result of Annual General Meeting ("AGM")

The Company's 2021 AGM was held today at 21 Lombard Street, London. The Board is pleased to announce that all resolutions proposed at the meeting were passed on a poll. The table below shows the total votes validly cast, being those votes for or against each resolution. Total votes cast, including votes withheld, were over 13,592,801 Ordinary Shares, representing 83.96% of the O rdinary Shares in issue on 26 October 2021.

 
                                      For                  Against              Votes withheld 
                                    (see note              (see note               (see note 
                                       1)                     1)                      2) 
---  ---------------------------  -----------  --------  -----------  -------  --------------- 
                                     Votes         %        Votes        %          Votes 
---  ---------------------------  -----------  --------  -----------  -------  --------------- 
      Receipt of the Annual 
 1     Report and Accounts         13,568,620   100.00%       0        0.00%        24,181 
---  ---------------------------  -----------  --------  -----------  -------  --------------- 
      Declaration of a final 
 2     dividend                    13,568,773   100.00%       0        0.00%        24,028 
---  ---------------------------  -----------  --------  -----------  -------  --------------- 
      Approval of the Directors' 
       remuneration report 
 3     (advisory)                  8,967,178    68.05%    4,209,698    31.95%      415,925 
---  ---------------------------  -----------  --------  -----------  -------  --------------- 
      Re-election of Alan 
 4     Carruthers as a Director    13,562,683   99.97%      4,604      0.03%        25,514 
---  ---------------------------  -----------  --------  -----------  -------  --------------- 
      Election of Andrew 
 5     Shepherd as a Director      13,567,287   100.00%       0        0.00%        25,514 
---  ---------------------------  -----------  --------  -----------  -------  --------------- 
      Re-election of Ben 
 6     Thorpe as a Director        13,567,287   100.00%       0        0.00%        25,514 
---  ---------------------------  -----------  --------  -----------  -------  --------------- 
      Election of Lynsey 
 7     Cross as a Director         13,567,287   100.00%       0        0.00%        25,514 
---  ---------------------------  -----------  --------  -----------  -------  --------------- 
      Re-election of Richard 
 8     Price as a Director         13,567,287   100.00%       0        0.00%        25,514 
---  ---------------------------  -----------  --------  -----------  -------  --------------- 
      Re-election of John 
 9     Linwood as a Director       13,227,479   97.49%     339,961     2.51%        25,361 
---  ---------------------------  -----------  --------  -----------  -------  --------------- 
      Re-election of Dagmar 
 10    Kershaw as a Director       13,567,287   100.00%       0        0.00%        25,514 
---  ---------------------------  -----------  --------  -----------  -------  --------------- 
      Re-election of Robert 
 11    Burgess as a Director       13,567,287   100.00%       0        0.00%        25,514 
---  ---------------------------  -----------  --------  -----------  -------  --------------- 
      Re-appointment and 
       remuneration of the 
 12    Auditor                     13,568,620   100.00%      153       0.00%        24,028 
---  ---------------------------  -----------  --------  -----------  -------  --------------- 
 13   Political donations          12,837,810   94.61%     730,963     5.39%        24,028 
---  ---------------------------  -----------  --------  -----------  -------  --------------- 
      Authority to allot 
 14    new shares                  13,212,924   97.49%     339,696     2.51%        40,181 
---  ---------------------------  -----------  --------  -----------  -------  --------------- 
      Authority to disapply 
 15    pre-emption rights          13,366,593   98.63%     186,027     1.37%        40,181 
---  ---------------------------  -----------  --------  -----------  -------  --------------- 
      Additional authority 
       to disapply pre-emption 
 16    rights                      13,366,593   98.63%     186,027     1.37%        40,181 
---  ---------------------------  -----------  --------  -----------  -------  --------------- 
      Authority to purchase 
 17    own shares                  13,462,404   99.22%     106,369     0.78%        24,028 
---  ---------------------------  -----------  --------  -----------  -------  --------------- 
      Notice periods for 
       general meetings (other 
 18    than AGM)                   13,568,773   100.00%       0        0.00%        24,028 
---  ---------------------------  -----------  --------  -----------  -------  --------------- 
 

Notes

1. Votes "For" and "Against" are expressed as a percentage of votes received. Any proxy appointments which gave the Chairman discretion have been included in the "For" total.

2. A "Vote Withheld" is not a vote in law and is not counted in the calculation of the proportion of votes "For" or "Against" a resolution.

3. Resolutions 1 to 14 were ordinary resolutions and resolutions 15 to 18 were special resolutions.

   4.     The number of ordinary shares in issue as at 26 October 2021 was 16,189,188. 

Resolution 3 (Approval of the Directors' remuneration report)

The Board notes that, while all resolutions were passed, a substantial minority of votes (31.95%) were cast against Resolution 3, the advisory resolution to approve the Directors' remuneration report. The Remuneration Committee on behalf of the Board consults extensively with shareholders on remuneration and takes their feedback into consideration. In accordance with the UK Corporate Governance Code 2018, the Remuneration Committee will continue to consult shareholders to understand the full reasons for the result and the Company will provide, within 6 months of the 2021 AGM, an update on views received from shareholders and any actions taken.

Enquiries to:

 
 Brooks Macdonald Group plc                                www.brooksmacdonald.com 
  Andrew Shepherd, CEO                                               020 7659 3492 
  Ben Thorpe, Chief Financial Officer 
 Peel Hunt LLP (Nominated Adviser and Broker) 
  Andrew Buchanan / John Welch / Rishi Shah                          020 7418 8900 
 FTI Consulting                                  brooksmacdonald@fticonsulting.com 
  Laura Ewart / Katherine Bell                                07711 387085 / 07976 
                                                                            870961 
 

Notes to editors

Brooks Macdonald Group plc, through its various subsidiaries, provides leading investment management services in the UK and internationally. The Group, which was founded in 1991 and began trading on AIM in 2005, had discretionary Funds under Management of GBP16.8 billion as at 30 September 2021.

Brooks Macdonald offers a range of investment management services to private high net worth individuals, pension funds, institutions, charities and trusts. The Group also provides financial planning as well as international investment management, and acts as fund manager to a range of onshore and international funds.

The Group has thirteen offices across the UK and the Channel Islands including London, Cheltenham, East Anglia, Exeter, Hampshire, Leamington Spa, Leeds, Manchester, Tunbridge Wells, Scotland, Wales, Jersey and Guernsey.

LEI: 213800WRDF8LB8MIEX37

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